EUR/ILS Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Amid ongoing global geopolitical tensions, the EUR/ILS (Euro to Israeli Shekel) currency pair has experienced noticeable changes in its trading behavior. While the pair had previously been exhibiting elevated volatility, especially during periods of heightened uncertainty in the region, recent market activity shows a significant decline in short-term price fluctuations.



The exchange rate has dropped from highs around 4.2300 to trading below the key psychological level of 4.0000. This retreat suggests a period of relative stabilization or potentially reduced demand for the euro against the shekel, possibly influenced by improved sentiment around the Israeli economy or a shift in expectations regarding interest rate differentials between the eurozone and Israel. Additionally, central bank policies, lower energy prices, or a decline in regional risk premiums could also be contributing to this downward movement. The fall below 4.0000 may also trigger technical selling pressure, as traders interpret this as a breakdown of support.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.